CFA Level 2 - Portfolio Management

About this course

Prepare for the CFA Level 2 exam with 100% confidence! The course covers the Portfolio Management syllabus in detail so you will have a complete understanding when tackling this section in the exam. After you grasp the concepts, try out a lot of questions (from the Learning Ecosystem and End of Chapter questions) to increase your mastery of the readings.AFTER GOING THROUGH THIS COURSE, YOU DO NOT HAVE TO STUDY FROM THE TEXTBOOK ANYMORE (OR ANY OTHER SOURCE)!Exam Weight: 10% - 15%This course will prepare you to ace the Portfolio Management topic area in the CFA Level 2 syllabus. Don't fall behind the bell curve while others are going all in their studies.At the end of this course, students should be able to:explain the creation and redemption process of ETFs, how ETFs are traded on secondary markets, costs of owning ETFs, types of ETF risk and the portfolio uses of ETFsdescribe Arbitrage Pricing Theory (APT), macroeconomic factor models, fundamental factor models, statistical factor models, active risk/tracking risk, interpret information ratioexplain the use of Value at Risk (VaR) in portfolio risk measurement; compare parametric, historical simulation, and Monte Carlo VaR; describe extensions of VaR, sensitivity risk measures, scenario risk measuresexplain how market values are affected by changes in default-free interest rates across maturities, timing and/or magnitude of expected future cash flows, and risk premiumsstate and interpret fundamental law of active portfolio management and its components (transfer coefficient, information coefficient, breadth, and active risk)explain the components of execution costs (explicit and implicit); desc